TIDMHEAD

RNS Number : 0253V

Headlam Group PLC

09 April 2021

9 April 2021

Headlam Group plc

(the 'Company')

Grant of awards under the Company's Performance Share Plan ('PSP')

On 9 April 2021, the Company granted awards in the form of nil-cost options over a total of 265,360 ordinary shares in the Company under the Company's PSP (the '2021 PSP'), including 151,180 to the following Executive Directors and Persons Discharging Managerial Responsibility ('PDMR'):

 
                                                   Number of ordinary 
 Executive Director/                                shares over which 
  PDMR                  Position                    options granted 
 Steve Wilson           Chief Executive                  87,043 
 Chris Payne            Chief Financial Officer          64,137 
 

As detailed on pages 101 and 102 of the 2020 Annual Report and Accounts, the PSP awards vest dependent on the achievement of relative Total Shareholder Return and absolute Earnings Per Share performance conditions measured over a three-year performance period. In addition, the awards are further subject to an underpin performance condition that the extent of vesting reflects the overall financial performance of the Company over the three-year performance period. When making this determination the Company's Remuneration Committee will have full discretion to ensure that the final outcome is warranted based on the performance of the Company in the light of all relevant factors to ensure there have been no windfall gains.

PSP awards granted to Executive Directors are additionally subject to a two-year holding period following the date of vesting during which a dividend equivalent will accrue in the form of additional shares to the extent the awards vest, as calculated on a re-investment basis.

The number of ordinary shares over which the awards were granted was based on a share price of 454.2 pence per ordinary share, being the average mid-market closing share price for the five business days prior to the grant date, as derived from the London Stock Exchange daily official list.

The awards, which are subject to the Malus and Clawback conditions of the PSP, will ordinarily vest on the latest of three years following the date of grant or the date on which the Company's Remuneration Committee determines the extent to which the performance conditions have been satisfied.

Enquiries:

 
 Headlam Group plc                  Tel: 01675 433 000 
  Steve Wilson, Chief Executive      Email: headlamgroup@headlam.com 
  Chris Payne, Chief Financial 
  Officer 
  Catherine Miles, Director of 
  Communications 
 Investec Bank plc (Corporate       Tel: 020 7597 5970 
  Broker) 
  David Flin / Alex Wright 
 
 Panmure Gordon (UK) Limited        Tel: 020 7886 2500 
  (Corporate Broker) 
  Erik Anderson / Dominic Morley 
  / Ailsa MacMaster 
 
   Alma PR (Financial PR)             Tel: 020 3405 0205 
   Susie Hudson / Harriet Jackson     headlam@almapr.co.uk 
   / Faye Calow 
 
 
 1.   Details of PDMR / person closely associated with them 
       ("PCA ") 
 a)   Name                       Steve Wilson 
     -------------------------  ---------------------------------------- 
 2.   Reason for the notification 
     ------------------------------------------------------------------- 
 a)   Positio n / status         Chief Executive 
     -------------------------  ---------------------------------------- 
 b)   Initial notification       Initial notification 
       / amendment 
     -------------------------  ---------------------------------------- 
 3.   Details of the issuer 
     ------------------------------------------------------------------- 
 a)   Name                       Headlam Group plc 
     -------------------------  ---------------------------------------- 
 b)   LEI                        213800I4AZZUJEYX9O90 
     -------------------------  ---------------------------------------- 
 4.   Details of the transaction(s): section to be repeated 
       for (i) each type of 
       instrument; (ii) each type of transaction; (iii) each 
       date; and (iv) each place where transactions have been 
       conducted 
     ------------------------------------------------------------------- 
 a)   Description of             Ordinary shares of GBP0.05 each 
       the financial 
       instrument, t 
       ype of instrument 
     -------------------------  ---------------------------------------- 
 b)   Identification             ISIN: GB0004170089 
       code 
     -------------------------  ---------------------------------------- 
 c)   Nature of the              Grant of nil-cost options over ordinary 
       transaction                shares under the Company's Performance 
                                  Share Plan 
     -------------------------  ---------------------------------------- 
 d)   Price(s) and               Price(s)    Volume(s) 
       volume(s)                  N/A         87,043 
                                             ---------- 
     -------------------------  ---------------------------------------- 
 e)   Aggregated information     N/A 
        *    Volume 
 
 
        *    Price 
     -------------------------  ---------------------------------------- 
 f)   Date of the transaction    9 April 2021 
     -------------------------  ---------------------------------------- 
 g)   Place of the transaction   Outside a trading venue 
     -------------------------  ---------------------------------------- 
 
 
 1.   Details of PDMR / person closely associated with them 
       ("PCA ") 
 a)   Name                       Chris Payne 
     -------------------------  ---------------------------------------- 
 2.   Reason for the notification 
     ------------------------------------------------------------------- 
 a)   Positio n / status         Chief Financial Officer 
     -------------------------  ---------------------------------------- 
 b)   Initial notification       Initial notification 
       / amendment 
     -------------------------  ---------------------------------------- 
 3.   Details of the issuer 
     ------------------------------------------------------------------- 
 a)   Name                       Headlam Group plc 
     -------------------------  ---------------------------------------- 
 b)   LEI                        213800I4AZZUJEYX9O90 
     -------------------------  ---------------------------------------- 
 4.   Details of the transaction(s): section to be repeated 
       for (i) each type of 
       instrument; (ii) each type of transaction; (iii) each 
       date; and (iv) each place where transactions have been 
       conducted 
     ------------------------------------------------------------------- 
 a)   Description of             Ordinary shares of GBP0.05 each 
       the financial 
       instrument, t 
       ype of instrument 
     -------------------------  ---------------------------------------- 
 b)   Identification             ISIN: GB0004170089 
       code 
     -------------------------  ---------------------------------------- 
 c)   Nature of the              Grant of nil-cost options over ordinary 
       transaction                shares under the Company's Performance 
                                  Share Plan 
     -------------------------  ---------------------------------------- 
 d)   Price(s) and               Price(s)    Volume(s) 
       volume(s)                  N/A         64,137 
                                             ---------- 
     -------------------------  ---------------------------------------- 
 e)   Aggregated information     N/A 
        *    Volume 
 
 
        *    Price 
     -------------------------  ---------------------------------------- 
 f)   Date of the transaction    9 April 2021 
     -------------------------  ---------------------------------------- 
 g)   Place of the transaction   Outside a trading venue 
     -------------------------  ---------------------------------------- 
 

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END

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April 09, 2021 09:28 ET (13:28 GMT)

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